https://www.taxtmi.com/caselaws?id=217129 The Assessee's appeals were partly allowed by the ITAT, with issues such as disallowance of bad debts for certain projects, addition of income from specific projects, disallowance of expenses, and non-grant of carry forward of speculative capital loss being remitted back to the AO for verification. The ITAT's decisions were based on consistency with earlier rulings and the need for verification of facts and evidence. The ITAT upheld CIT (A)'s decisions in some instances, emphasizing the importance of supporting evidence and adherence to accounting principles. en-us Fri, 13 Jul 2012 00:00:00 +0530 Thu, 20 Sep 2012 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217129 The Assessee's appeals were partly allowed by the ITAT, with issues such as disallowance of bad debts for certain projects, addition of income from specific projects, disallowance of expenses, and non-grant of carry forward of speculative capital loss being remitted back to the AO for verification. The ITAT's decisions were based on consistency with earlier rulings and the need for verification of facts and evidence. The ITAT upheld CIT (A)'s decisions in some instances, emphasizing the importance of supporting evidence and adherence to accounting principles. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217129